Oasis Petroleum Inc. (NASDAQ:OAS) Declares $0.59 Quarterly Dividend

Oasis Petroleum Inc. (NASDAQ:OASGet Rating) announced a quarterly dividend on Wednesday, May 4th, Zacks reports. Shareholders of record on Friday, May 20th will be given a dividend of 0.585 per share on Wednesday, June 1st. This represents a $2.34 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Thursday, May 19th.

NASDAQ:OAS opened at $142.94 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The business’s 50-day simple moving average is $144.48 and its two-hundred day simple moving average is $133.29. The stock has a market cap of $2.77 billion, a PE ratio of 3.45 and a beta of 1.40. Oasis Petroleum has a 52 week low of $71.24 and a 52 week high of $158.48.

Oasis Petroleum (NASDAQ:OASGet Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The company reported $4.25 EPS for the quarter, missing analysts’ consensus estimates of $5.36 by ($1.11). The business had revenue of $521.58 million for the quarter, compared to the consensus estimate of $377.00 million. Oasis Petroleum had a net margin of 19.11% and a return on equity of 27.81%. Sell-side analysts anticipate that Oasis Petroleum will post 33.39 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on OAS. MKM Partners raised their price objective on Oasis Petroleum from $170.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, March 8th. Royal Bank of Canada lifted their price target on Oasis Petroleum from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 1st. TheStreet upgraded Oasis Petroleum from a “d+” rating to a “c-” rating in a research report on Thursday, February 24th. Wells Fargo & Company boosted their target price on Oasis Petroleum from $138.00 to $157.00 and gave the company an “equal weight” rating in a research report on Monday, March 14th. Finally, Piper Sandler boosted their target price on Oasis Petroleum from $201.00 to $208.00 and gave the company an “overweight” rating in a research report on Thursday, April 7th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $172.71.

Large investors have recently modified their holdings of the stock. Morgan Stanley grew its holdings in shares of Oasis Petroleum by 5,764.1% during the second quarter. Morgan Stanley now owns 414,828 shares of the company’s stock valued at $41,711,000 after buying an additional 407,754 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Oasis Petroleum by 1,447.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 269,699 shares of the company’s stock valued at $33,979,000 after purchasing an additional 252,276 shares during the last quarter. Millennium Management LLC boosted its holdings in Oasis Petroleum by 82.3% in the fourth quarter. Millennium Management LLC now owns 182,058 shares of the company’s stock valued at $22,937,000 after purchasing an additional 82,216 shares during the last quarter. Legal & General Group Plc raised its position in shares of Oasis Petroleum by 0.9% in the fourth quarter. Legal & General Group Plc now owns 113,401 shares of the company’s stock worth $14,387,000 after acquiring an additional 998 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Oasis Petroleum by 758.0% in the fourth quarter. Deutsche Bank AG now owns 110,439 shares of the company’s stock worth $13,914,000 after acquiring an additional 97,567 shares during the period. 90.36% of the stock is owned by institutional investors.

About Oasis Petroleum (Get Rating)

Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the United States. It engages in the acquisition and development of oil and gas properties. As of December 31, 2021, the company had 492,355 net leasehold acres in the Williston Basin.

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Dividend History for Oasis Petroleum (NASDAQ:OAS)

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